Loading ...Plenty of the miners are up, not caring about artificially low COMEX spot prices. I hear the talking heads confused about Oil prices. The problem is OIL and Oil producers are confused.
First they had the Dollar down to 72, in 2008, which artificially or mathematically, drove Oil $145. Remember? NO HEAVY DEMAND. Then the financial crisis psychologically and mechanically drove Oil down to $40 in 2009. Remember that?
Then 2012 2014 $100/bbl. The high prices inhibits use, and create more production at the SAME TIME. Then DOWN goes Oil to $28/bbl at end of 2015. The low prices inhibit production, and promote USE at the same time.
Look at the nonsense instability for yourself. The people running things (the left) are like children running a nuclear power plant. You can gage their immature mentality listening to what they say in the Media against Trump and the new reversal situation going on.
They had their way for decades, shoving square pegs into round holes and it caught up to them in 2008. Nine eleven started the process.
Dollar: https://www.mrci.com/pdf/dx.pdf
Oil: https://www.mrci.com/pdf/cl.pdf